Tag: business news

Walgreens Spearheads Advancement of Cell and Gene Therapies in Patient Care Expansion

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Walgreens announces expansion into cell and gene therapy services in the U.S., aiming to provide specialized care for patients with chronic, rare, or complex conditions. The move includes the launch of a new business unit and the opening of a facility in Pittsburgh dedicated to cell and gene therapies, reflecting the growing importance of specialty pharmacies in the healthcare system. [ad_1] A person rides past a Walgreens truck, owned by the Walgreens Boots Alliance, in Manhattan, New York City, on Nov. 26, 2021. Andrew Kelly | Reuters Walgreens on Thursday said…

Johnson & Johnson tops quarterly profit estimates as medical device sales jump

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Johnson & Johnson reports strong first-quarter earnings driven by surging sales in its medical devices business, with total revenue in line with expectations. The company also increases its quarterly dividend and provides updates on acquisitions and legal matters, including ongoing talc-related liabilities. [ad_1] An entry sign to the Johnson & Johnson campus shows their logo in Irvine, California on August 28, 2019. Mark Ralston | AFP | Getty Images Johnson & Johnson on Tuesday reported first-quarter adjusted earnings that topped Wall Street’s expectations as sales in its medical devices business…

Raimondo: Commerce Dept. will spend all of the CHIPS Act grant money this year

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[ad_1] TAYLOR, Texas — The Commerce Department is on track to dole out all of the $39 billion in grant money allocated under the CHIPS Act by year-end, Commerce Secretary Gina Raimondo told CNBC on Monday. The Commerce Department is providing the money to semiconductor companies to incentivize them to build out manufacturing production capabilities in the U.S. The Biden administration announced earlier Monday that it would be providing Samsung with up to $6.4 billion in grants to expand two chip plants in central Texas — leaving roughly $16 billion…

Prosecutor asks judge to sanction Donald Trump for gag order violation in hush money case: Live updates

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[ad_1] Former President Donald Trump arrives at Manhattan criminal court with his legal team ahead of the start of jury selection in New York, NY on Monday, April 15, 2024.  Jabin Botsford | Via Reuters Editor’s note: This is developing news. Check back for updates. Prosecutors on Monday asked a New York judge to sanction Donald Trump for violating a gag order in multiple social media posts commenting on likely witnesses at the former president’s criminal hush money trial. “He is a criminal defendant, and like all criminal defendants he…

Airspace closures on 14 th April throughout the Middle East ground, divert flights as Iran launches drone attack on Israel

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Airspace closures in the Middle East on April 14th, 2024, disrupted flight operations as Iran launched drone strikes towards Israel. Multiple airlines, including United Airlines, Delta, American Airlines, Emirates, Air France, British Airways, and Lufthansa, responded by canceling or diverting flights to ensure passenger safety. The closures and flight disruptions underscored the tense situation in the region and the impact on air travel. [ad_1] Flightradar24 over the Middle East on April 14th, 2024 after Iran launched drone strikes towards Israel. Source: Flightradar24 Airspace closures through the Middle East grounded and…

Surging inflation fears sent markets tumbling and Fed officials scrambling

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[ad_1] A sign advertising units for rent is displayed outside of a Manhattan building on April 11, 2024 in New York City. Spencer Platt | Getty Images The early data is in for the path of inflation during the first three months of 2024, and the news so far is, well, not good. Pick your poison. Whether it’s prices at the register or wholesale input costs, while inflation is off the blistering pace of 2022, it doesn’t appear to be going away anytime soon. Future expectations also have been drifting…

Why Hawaii is becoming a leader in U.S. EV adoption

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[ad_1] Customers admire a Tesla Model 3 electric vehicle at a Tesla store in Honolulu, Hawaii.  Alex Tai | SOPA Images | Lightrocket | Getty Images U.S. consumers have been making the move to all-electric vehicles more slowly than many expected — but a growing leader in EV adoption is Hawaii. The tropical island state this year ranks fifth in overall EV adoption at 11.9% of new retail vehicles sold through February, according to J.D. Power. Hawaii also ranks third – behind only California (46.1) and Washington (37) – in…

Trump and Mike Johnson zero in on noncitizen voting. It’s already illegal and very rare.

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[ad_1] Republican presidential candidate former President Donald Trump and Speaker of the House Mike Johnson (R-LA) hold a press conference at Mr. Trump’s Mar-a-Lago estate on April 12, 2024, in Palm Beach, Florida.  Joe Raedle | Getty Images Former President Donald Trump and House Speaker Mike Johnson pitched new legislation to crack down on noncitizen voting on Friday, despite the fact the practice is already illegal and occurs rarely. Johnson said House Republicans would introduce a bill to require documentary proof of citizenship to register to vote, speaking at Mar-a-Lago next to…

Biden says he expects Iranian strike on Israel 'sooner than later'

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[ad_1] US President Joe Biden makes a virtual address to the National Action Network Convention, in the South Court Auditorium of the Eisenhower Executive Office Building, next to the White House in Washington, DC, on April 12, 2024.  Mandel Ngan | AFP | Getty Images President Joe Biden said Friday that he expects Iran will strike Israel soon, and reiterated that the U.S. would support and defend Israel if such an attack occurred. At a White House event, when asked by reporters how imminent he thought an attack by Iran could be, Biden said…

Trump tries to boost support for Truth Social as his media stock tanks

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[ad_1] Donald Trump on Friday urged his followers to support his social media app Truth Social, as its parent company’s stock continues to sink lower. Trump in a post on that app said he believes Truth Social embodies the political “movement” behind his “Make America Great Again” presidential campaign slogan, adding that “it shows the Spirit and Love of our Country.” “If people who believe in putting America First and want to Make America Great Again, support TRUTH,” Trump wrote. “We will be your Voice like never before, and a…